Yelp

“I view it as what I call slow motion M&A, and the idea is you're acquiring a piece of the company during the investment, and during that process, you're doing the normal diligence that you would if you were going ahead and making an investment.”

“We wouldn't have made the investment had we not been interested in a Acquiring the company, but this really allowed us to test a lot of our theories related to the product experience and also just integration of the technologies and basically making sure every…”

“If the VCs can kind of step in as a more seasoned, maybe less emotionally attached person, Player at the table to really help get to those truths and understanding earlier, it can be really beneficial for the shareholders of the company that's being acquired b…”

“If you don't genuinely see that alignment and enthusiasm, it won't be as great as it is before you write them the check, right? So you have to make sure that it's Truly and sincerely there, because it will probably only diminish.”

“You can get three to five meaningful dialogues going on at the same time, and that's almost certain to lead to a better outcome for you and your investors than just having the dialogue with one company.”

“And the models that you build during M&A inherently have a lot of made-up numbers in them, but once you have worked with someone in a partnership, you're replacing a lot of the guesswork with real actual numbers based on a live implementation, which helps in a…”

“Turns out with Google, having Android and Google Maps, they can just ask every single person on earth how the restaurant was that they went to last night, because they know that they'd visited it via Google Maps, and suddenly Google Maps has better data and bl…”

“The cliche is that everything on Yelp is three and a half to four stars. And so the signal has kind of gone away.”

“Now we bought a company called eat 24 is a food delivery startup. And so I kind of got dropped in to be had a product for that subsidiary helped grow that business. This wasn't our original intent, but we actually sold it to Grubhub just about two years later …”

“One of the things that I have seen myself and with companies that I advise is if you're trying to do true zero to one inside of a later stage company and like find your next horizon, trying to do it inside of the sort of legacy product product org vastly reduc…”

“When we went into the initial market, we got a Yelp list of all the drivers in the city and sort of like called through and trying to get them to sign up with Uber and, you know, got our initial list of drivers that way and launched a few weeks later with some…”

“Yelp's down to 1.2 billion dollar valuation. I mean, Jeremy's young, but it's been what? 20 something years, right? And it's down 47% this year to almost just over a billion.”